TKO COO: Vince McMahon Is Not Coming Back To The Company

TKO and WWE continue to distance themselves from Vince McMahon following the allegations he is facing following a lawsuit alleging McMahon was involved in sex trafficking, sharing nude photos and explicit videos of Janel Grant without consent, and other things from the former WWE employee.

Fallout

Once the suit came out, McMahon resigned from his duties at TKO. The company and former exec John Laurnatis were also named in the suit.

McMahon has been cashing out his TKO stock in recent months, with the latest transaction coming on Monday with the sale of 5,350,000 TKO shares, a value of $412 million. He previously sold stock in November for $612 million. He still owns about 15 million shares or about 9% of all TKO stock.

No return

TKO COO Mark Shapiro had a talk at the Morgan Stanley Conference today, where Shapiro noted McMahon has nothing to do with the company and is not coming back.

Shapiro stated, “He doesn’t work for the company. He doesn’t work at the company … and he’s not coming back to the company.”

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